Howdy,
Sold shares in 2005, tax due on capital gain in Jan 2007. Is there any possible way I can defer the payment of tax to Jan 2008? Any way at all?
James
- posted
18 years ago
Capital Gains Tax
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- Vote on answer
- posted
18 years ago
Die?
- Vote on answer
- posted
18 years ago
Ask nicely and pay the interest. It is the latter that will normally (apparently) cause the revenve to refuse the request. They will expect you to take a loan from somewhere else and pay them the interest instead, thus absolving the revenue from the risk of you never paying.
tim
- Vote on answer
- posted
18 years ago
Sold before or after 5 April 2005? if 'after' then we are still in the same tax year then you still have time to sell something else at a capital loss (if you have anything).
Robert